You are evaluating the balance sheet for EDM Corporation. From the balance sheet, you find the following balances: cash and marketable securities = $600,000, accounts receivable = $100,000, inventory = $300,000, accrued wages and taxes = $120,000, accounts payable = $500,000, and notes payable = $600,000. What is EDM's net working capital? Hint: Working capital is a measure of a company's liquidity and short-term financial health. Net Working Capital = Current Assets - Current Liabilities O $490,000 O-$710,000 O-$220,000 O $1,610,000

You are evaluating the balance sheet for EDM Corporation. From the balance sheet, you find the following balances: cash and marketable securities =$600,000, accounts receivable =$100,000, inventory =$300,000, accrued wages and taxes =$120,000, accounts payable =$500,000, and notes payable =$600,000. What is EDM's net working capital? Hint: Working capital is a measure of a company's liquidity and short-term financial health. Net Working Capital = Current Assets - Current Liabilities $490,000 $710,000 $220,000 $1,610,000